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Desjardins Global Corporate Bond Fund A Class

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Global Corp Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(10-11-2024) 		$8.20
Change
$0.01 (0.06%)

As at September 30, 2024

As at September 30, 2024

Period
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Legend

Desjardins Global Corporate Bond Fund A Class

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Fund Returns

Inception Return (October 18, 2013): 1.10%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.64% 4.02% 3.65% 4.01% 11.75% 7.55% -2.42% -1.46% -0.48% 1.19% 0.67% 0.61% 0.90% 0.84%
Benchmark 2.07% 4.99% 6.08% 8.09% 14.54% 9.43% 0.47% -0.40% 1.36% 2.95% 2.81% 2.20% 2.61% 3.90%
Category Average 1.35% 4.80% 4.80% 5.67% 12.21% 7.69% 0.60% 1.32% 1.98% 2.78% - - - -
Category Rank 144 / 153 98 / 152 107 / 116 106 / 114 87 / 113 74 / 113 99 / 103 91 / 96 89 / 92 81 / 87 78 / 81 67 / 69 65 / 66 41 / 41
Quartile Ranking 4 3 4 4 4 3 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.14% 4.78% 3.72% 0.21% -1.01% 1.16% -1.71% 0.92% 0.45% 1.80% 1.53% 0.64%
Benchmark 1.41% 3.17% 1.28% 0.85% 0.16% 0.87% -0.72% 1.05% 0.71% 3.42% -0.54% 2.07%

Best Monthly Return Since Inception

5.15% (November 2022)

Worst Monthly Return Since Inception

-8.79% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 4.51% -0.75% 2.14% 2.46% -3.91% 11.87% 5.89% -1.67% -16.74% 7.56%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking 4 4 4 4 4 1 3 4 4 3
Category Rank 39/ 40 49/ 52 64/ 66 60/ 75 77/ 82 13/ 88 61/ 92 83/ 96 97/ 103 72/ 113

Best Calendar Return (Last 10 years)

11.87% (2019)

Worst Calendar Return (Last 10 years)

-16.74% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 83.82
Foreign Government Bonds 8.79
Cash and Equivalents 4.40
US Equity 2.93
Canadian Government Bonds 0.07
Other -0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 92.68
Cash and Cash Equivalent 4.39
Financial Services 2.93

Geographic Allocation

Geographic Allocation
Name Percent
North America 52.06
Europe 46.69
Latin America 0.75
Africa and Middle East 0.46
Asia 0.04

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 3.66
United States Treasury 3.00% 15-Aug-2052 1.86
United States Treasury 4.38% 15-May-2034 1.76
Wells Fargo & Co - Pfd 1.10
Bank of America Corp 2.68% 19-Jun-2040 0.98
Goldman Sachs Group Inc 5.15% 22-May-2045 0.96
BNP Paribas SA 5.18% 09-Jan-2029 0.91
United States Treasury 4.25% 15-Feb-2054 0.88
Netflix Inc 3.63% 15-Mar-2030 0.80
P3 Group SARL 4.63% 13-Feb-2030 0.79

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Desjardins Global Corporate Bond Fund A Class

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 8.72% 8.46% 6.27%
Beta 0.88% 0.84% 0.41%
Alpha -0.03% -0.01% -0.01%
Rsquared 0.53% 0.46% 0.23%
Sharpe -0.62% -0.28% -0.08%
Sortino -0.75% -0.46% -0.40%
Treynor -0.06% -0.03% -0.01%
Tax Efficiency - - -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.57% 8.72% 8.46% 6.27%
Beta 0.87% 0.88% 0.84% 0.41%
Alpha -0.01% -0.03% -0.01% -0.01%
Rsquared 0.34% 0.53% 0.46% 0.23%
Sharpe 1.01% -0.62% -0.28% -0.08%
Sortino 3.09% -0.75% -0.46% -0.40%
Treynor 0.08% -0.06% -0.03% -0.01%
Tax Efficiency 86.82% - - -

Fund Details

Start Date October 18, 2013
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $815

Fund Codes

FundServ Code Load Code Sales Status
DJT00145

Investment Objectives

The objective of this Fund is to provide a high income return and some long-term capital appreciation by investing primarily in fixed-income securities of corporations throughout the world.

Investment Strategy

The management of the Fund is entrusted to a sub-manager who combines macroeconomic top-down analysis with bottom-up fundamental credit research. The Fund will be investing primarily in investment-grade corporate bonds that have a credit rating of BBB or better, or any superior credit rating set by Standard & Poor (“S&P”) or any equivalent credit rating set by another designated rating agency.

Portfolio Manager(s)

Name Start Date
Desjardins Global Asset Management Inc. 07-23-2019
Western Asset Management Company 08-03-2021

Management and Organization

Fund Manager Desjardins Investments Inc.
Advisor Desjardins Global Asset Management Inc.
Custodian Desjardins Trust Inc.
Registrar Desjardins Investments Inc.
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.55%
Management Fee 1.10%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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